ProShares Ultra Semiconductors (NYSEARCA:USD) Reaches New 1-Year High – Should You Buy?

ProShares Ultra Semiconductors (NYSEARCA:USD)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $100.32 and last traded at $99.03, with a volume of 920765 shares traded. The stock had previously closed at $95.30.

ProShares Ultra Semiconductors Price Performance

The stock has a market capitalization of $3.03 billion, a PE ratio of 40.05 and a beta of 3.63. The business’s fifty day moving average price is $63.60 and its 200-day moving average price is $57.97.

Institutional Investors Weigh In On ProShares Ultra Semiconductors

A number of institutional investors and hedge funds have recently modified their holdings of USD. Mariner LLC purchased a new stake in shares of ProShares Ultra Semiconductors in the third quarter worth about $8,973,000. Dale Q Rice Investment Management Ltd lifted its holdings in shares of ProShares Ultra Semiconductors by 90.0% in the fourth quarter. Dale Q Rice Investment Management Ltd now owns 438,563 shares of the company’s stock worth $23,009,000 after buying an additional 207,715 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of ProShares Ultra Semiconductors by 3,735,900.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 37,360 shares of the company’s stock worth $1,962,000 after buying an additional 37,359 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of ProShares Ultra Semiconductors by 99.3% in the fourth quarter. Blair William & Co. IL now owns 60,282 shares of the company’s stock worth $3,165,000 after buying an additional 30,031 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. lifted its holdings in shares of ProShares Ultra Semiconductors by 89.7% in the fourth quarter. Retirement Planning Co of New England Inc. now owns 50,465 shares of the company’s stock worth $2,650,000 after buying an additional 23,865 shares in the last quarter.

About ProShares Ultra Semiconductors

ProShares Ultra Semiconductors (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Semiconductor Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. It also intends to invest assets not invested in financial instruments, in debt instruments and/or money market instruments.